Pakistan and RUYI Sign MoU to Boost Textile Exports to $5 Billion

China-Pakistan partnership strengthens with RUYI’s zero-carbon textile parks

P.c. China Pakistan Economic Corridor

Pakistan and RUYI Sign MoU to Boost Textile Exports to $5 Billion


The Board of Investment and China’s RUYI Shandong have signed a Memorandum of Understanding (MoU) aimed at transforming Pakistan’s textile industry. This strategic partnership seeks to elevate textile exports to $5 billion while creating up to 500,000 jobs across the country. RUYI will establish world-class textile parks in Sindh and Punjab, which will house around 100 Chinese textile firms.

P.c. China Pakistan Economic Corridor

Prime Minister Shehbaz Sharif, who witnessed the MoU signing, highlighted Pakistan’s longstanding ties with China. He acknowledged RUYI’s previous investments in Pakistan, including their pioneering role in the Sahiwal Coal Power Plant under the China-Pakistan Economic Corridor (CPEC).

The textile parks will feature zero-carbon, automated facilities powered by solar energy. In the first phase, the parks are expected to boost exports by $2 billion, with a long-term goal of reaching $5 billion. The project will generate between 300,000 and 500,000 jobs, with construction slated to begin by the end of this year and a three-year completion timeline.

RUYI also plans to develop wholesale commodity centres in Karachi and Lahore, further enhancing economic ties between the two nations. A special committee, chaired by Deputy Prime Minister and Foreign Minister Ishaq Dar, will oversee the progress, while working groups in Islamabad and Beijing will ensure seamless execution.